CalPERS CIO to leave fund; P-Solve rebrands to River and Mercantile Solutions; Trinity Pensions Consultants opens Indianapolis sales office; and more.

The district court’s new decision comes after its previous move denying defendants’ motion for summary judgment against plaintiffs’ claims, which cover a variety of fiduciary breach allegations; a new ruling is now forthcoming. 

The suit challenges fees paid to provider TIAA.

According to the complaint, the defendants removed a large number of established funds in the plan that were performing well (at Hewitt’s urging), and replaced them with an unproven set of newly-launched funds from Hewitt that have consistently underperformed.

The First Trust Dorsey Wright DALI 1 ETF seeks to correspond to the Nasdaq Dorsey Wright DALI 1 Index, which is designed to evaluate four broad asset classes: Domestic Equity, International Equity, Fixed Income and Commodities.

The hearing focused on four bipartisan proposals, and hearing witnesses expressed their support for these proposals, while some also urged legislators to move forward on the Retirement Enhancement and Savings Act of 2018 (RESA).

A mere 2.7% of Americans stopped contributing to their defined contribution plan in 2017, the ICI reports.

As skilled Baby Boomer employees begin to reach the traditional retirement age, employers need to examine their policies and procedures to address the potential loss of talented and experienced workers.

Average individual 401(k), 403(b) and IRA account balances increased year-over-year, according to the latest cut of data from Fidelity’s book of retirement business, but the average dipped slightly from Q4 2017, reflecting market volatility and the fact that new small-balance savers entered the fold.

The platform provides digital and workplace financial wellness features for employees. 

The impact of investment of assets plus spending of pension checks by retirees in 2016 yielded a $1.3 trillion contribution to the economy and $277.6 billion to state and local revenues, according to research from NCPERS.

Eighty percent of American workers surveyed said they would like to hear congressional candidates discuss retirement security.